Broadway Wealth Solutions Inc. Buys Shares of 835 Aon plc (NYSE:AON)

Broadway Wealth Solutions Inc. purchased a new stake in shares of Aon plc (NYSE:AON) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 835 shares of the financial services provider’s stock, valued at approximately $300,000.

Several other institutional investors and hedge funds have also modified their holdings of AON. Vanguard Group Inc. raised its holdings in AON by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 19,519,752 shares of the financial services provider’s stock valued at $7,010,714,000 after buying an additional 88,361 shares in the last quarter. State Street Corp raised its stake in shares of AON by 0.4% in the 3rd quarter. State Street Corp now owns 8,844,121 shares of the financial services provider’s stock valued at $3,059,977,000 after acquiring an additional 32,417 shares in the last quarter. Geode Capital Management LLC lifted its holdings in AON by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,322,177 shares of the financial services provider’s stock worth $1,489,690,000 after purchasing an additional 38,447 shares during the last quarter. Bank of New York Mellon Corp boosted its position in AON by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock worth $921,182,000 after purchasing an additional 343,592 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in AON by 2.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,329,221 shares of the financial services provider’s stock valued at $824,498,000 after purchasing an additional 64,720 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

AON Stock Performance

Shares of NYSE:AON opened at $398.67 on Friday. The stock has a market capitalization of $86.11 billion, a price-to-earnings ratio of 31.49, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The business’s fifty day moving average price is $388.16 and its two-hundred day moving average price is $371.75. Aon plc has a fifty-two week low of $268.06 and a fifty-two week high of $412.97. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.40 and a quick ratio of 1.40.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same quarter in the prior year, the company posted $3.89 earnings per share. As a group, analysts predict that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a yield of 0.68%. AON’s dividend payout ratio (DPR) is presently 21.33%.

Analysts Set New Price Targets

Several analysts recently issued reports on AON shares. Piper Sandler upped their price objective on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price objective on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods increased their target price on AON from $411.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Royal Bank of Canada lifted their price target on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company raised their price objective on shares of AON from $410.00 to $445.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $386.21.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.